Paytm gets regulatory approval to sell investment products

Reuters Staff

1 Min Read

MUMBAI (Reuters) - A unit of digital payments firm Paytm has received the approval of the capital markets regulator to sell investment and wealth management products, the company said in a statement on Wednesday.

The approval by the Securities and Exchange Board of India will allow Paytm Money Ltd to become a registered investment advisor, making it the first digital payments firm to sell products such as insurance and mutual funds in India.